Dividend declaration under ING Fixed Maturity Fund-Sr XXXII

ING Mutual Fund has announced dividend under scheme ING Fixed Maturity Fund-Series XXXII. The dividend is declared under regular and institutional plans of the scheme.

The fund house has fixed September 15, 2009 as the record date for dividend declaration.

The amount of dividend declared is 100% of distributable surplus.

As on September 11, 2009 the net asset value stood at Rs 10.7973 under institutional plan and Rs 10.7510 under retail plan.

This is a close-ended scheme offering an investment plan of 368 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to the maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity.